Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

na

na

Mad Mail question:

General question...

Q:    I'm convinced you speak the truth even when no one wants to hear it. That kind of honesty in analysis is sorely lacking for the small investor and I thank you for it! We hear time and time again that the American consumer is the primary driver of our economy. Yet, no one is really looking at "Joe Consumer's" ability to spend us out of this recession. For the better part of a decade, Joe has been fueling our economy on credit cards and home equity, in spite of a decrease in his income in real terms. My concern is that we are in a protracted economic downturn... and, by protracted, I mean years, not months. Am I right or wrong here?

Jim:    I'm afraid I think you might be right. That's what I said, what I've been saying... which is, if you need money for the next few years, take it out of the market. I am concerned, like you are. I hope it's shallow. I don't think it will be. And, one of the reasons... Two-thirds of the American economy is driven by consumer spend, and I am concerned, like you are. I am concerned about unemployment, and I'm concerned about the stretched consumer. I think you're right, and that's why we're being very defensive, focusing on dividends and stocks that do well in a long-term recession. You and I are on the same page, and I will still try to make money for you. And, thank you. I take a lot of risks when I do this show.

LINE

16.29

Mad Mail question:

Linn Energy, LLC (LINE)

Q:    Last night, you recommended LINE on the show. When I took a closer look, the first thing I notice is that LINE is losing money. LINE shows an EPS (i.e., earnings per share) of -$12.54. Why should I not be worried about that? Is it a one-time accounting thing?

Jim:    I need you to go and read the statement, from last night, that they issued after the close of the market, which talks exactly about their liquid position, and how it's no problem for them to be able to pay that dividend. I think you'll feel better. It's what I looked at... when I knew we were in good shape. Again, I take a lot of risks on the show... I make a lot of mistakes. The difference between me and a lot of the guys, is that I come out here and say, I made a mistake... or I apologize... or I got it wrong... And that's why it looks so glaring when I make a mistake... But I own my mistakes.

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